U.S. steel imports up 4.6% in January

Friday, March 01, 2013

The American Institute for International Steel (AIIS) said steel imports increased 4.6 percent in January 2013 compared to December 2012, according to preliminary government data.
“Import levels improved in January in a normal seasonal rebound from end-of-the-year declines as many consumers and distributors delay purchases to January due to inventory tax costs at the end of December,” said David Phelps, president AIIS, in a statement Friday.
“On the other hand, imports remained almost 8.4 percent below January 2012, reflecting the lower levels of demand as a result of uncertainty at the time these imports are ordered caused by concerns related to the then looming fiscal cliff. The normal first quarter seasonal improvement in demand has apparently delayed as a result,” Phelps added.
Total steel imports in January 2013 were 2.579 million tons compared to 2.466 million tons in December 2012, but resulted in an 8.4 percent decrease compared to January 2012. “The data showed that imported semi-finished products decreased by 2.8 percent in January 2013 compared to January 2012, from 487 thousand tons in 2012 to 473 thousand tons in 2013, based on preliminary reporting,” AIIS said.